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SKKMigas Targeting National Oil Production 1MMbbl in 2031

JAKARTA (TheInsiderStories) - The Upstream Oil and Gas Regulatory Special Task Force (SKK Migas) targeting to lift the national oil production up to one million barrels...

Nindya Karya, South Korea’s Firm Signs Contract to Build Pertamina’s Projects

JAKARTA (TheInsiderStories) - Nindya Karya, state-owned construction firm signed and agreement with South Korea' DH Group to build refinery in Dumai and Rokan Block...

Indonesia Adds Likupang on Special Economic Zones List

JAKARTA (TheInsiderStories) - Indonesian government has added Likupang in North Sulawesi Province into lists of its special economic zones (SEZ) through government regulation number...

Indonesia Needs Investment US$2,517B to Grow 6%

JAKARTA (TheInsiderStories)  - Indonesia needs Rp35,428 trillion (US$2,517.71 billion) of investment in five years period to reach the six percent growth, said national development...

US’ Global Infrastructure Partners to Invest US$5B in Indonesia

JAKARTA (TheInsiderStories) - Global Infrastructure Partners (GIP), an American-based company, plans to invest around US$5 billion in Indonesia starting 2020, said the senior minister...

Modernland, Lotte Invests US$142M to Build Property Project in Indonesia

JAKARTA (TheInsiderStories) - A property developer, PT Modernland Realty Tbk (IDX: MDLN) and South Korea' Lotte Engineering and Construction formed a joint venture company...

Indonesia’s Life Insurance Reached US$10.26B in Third Quarter

JAKARTA (TheInsiderStories) - Total life insurance premium in Indonesia reached of Rp143.7 trillion (US$10.26 billion) in the third quarter (3Q) of 2019, the association told the...

Japan’s Softbank, JBIC and UAE Eyeing Investment in Indonesia’s New Capital

JAKARTA (TheInsiderStories) - Indonesia’s plans to move its capital to East Kalimantan province presents ample opportunities for foreign investors. Japan Bank for International Cooperation...

Indonesian Government Proposes 15 Priority Bills in 2020

JAKARTA (TheInsiderStories) - Indonesian government proposed 15 draft bill included in the list of priority National Legislation Programs in 2020, said the minister last week....

IFC: Asia Pacific Potentials to Grab US$18T in Green Building Investment

JAKARTA (TheInsiderStories)  - Asia-Pacific, which will house half the world’ urban population by 2030, has potential to grab US$17.8 trillion worth of opportunities investment, primarily...

Singapore’ FinAccel Raises US$90M to Bring Kredivo Enters Southeast Asian Market

JAKARTA (TheInsiderStories) - Singapore' FinAccel, a financial technology (FinTech) company with brand Kredivo, has raised US$90 million in a Series C equity funding round led by...

Chinese Hongfa, Cita Mineral Build Second Alumina Plant in West Kalimantan

JAKARTA (TheInsiderStories) - PT Well Harvest Winning Alumina Refinery, unit of PT Cita Mineral Investindo Tbk (IDX: CITA) under Harita Group, and Hongfa Weili Alumina...

Indonesia Expanding Tax Incentives for Investors

JAKARTA (TheInsiderStories) - Indonesian government give more stimulus for investors by issued a new incentives through Government Regulation Number 78 of 2019 concerning income...

Malaysian RANHILL, Jasa Sarana Build Strategic Projects in West Java

JAKARTA (TheInsiderStories) - Malaysia' Ran Holdings Berhard (RANHILL) had signed three memorandum of outstanding with PT Jasa sarana to develop an infrastructure projects in West Java...

Indonesia, Hyundai Signs Investment Deal US$1.5B

JAKARTA (TheInsiderStories) - Indonesian government and Hyundai Motor Co., (HMC) signed an investment deal US$1.5 billion to build electric vehicle factory in Cikarang, Bekasi, West...

Chile Expects Infrastructure Cooperation with Indonesia

JAKARTA (TheInsiderStories) - Chile hopes the cooperation with Indonesia can be developed into the infrastructure, sanitation and renewable energy sectors as a form of...

Morning Briefing: Indonesia Targeting EODB Rank at 40 by 2021

JAKARTA (TheInsiderStories) - Good Morning! Indonesian government will regulate all licenses under the Investment Coordinating Board to improve the ease of doing business (EODB) rank....

Indonesia Strives for 5.6% Economic Growth in 2020

JAKARTA (TheInsiderStories) - The government strives to bring Indonesia's economy to grow to 5.6 percent in 2020, from the 5.3 percent targeted this year....

Widodo, Fukuda Discuss 17 Japanese Projects in Indonesia

JAKARTA (TheInsiderStories)  - President Joko Widodo and president of Japan Indonesia Association (Japinda) Fukuda Yasuo discussed 17 Japanese projects in Indonesia, ranging from trains,...

Jakarta – Surabaya Semi Fast Train Start to Construct 2022

JAKARTA (TheInsiderStories) - Indonesian government targeting the construction of the Jakarta-Surabaya semi fast train starting 2022 and will be completed in 2026, said the minister on...

Singapore Keppel, Mega Manunggal Forms Private Equity Fund

JAKARTA (TheInsiderStories) - Singapore' Keppel Corp., through its subsidiary, Alpha Investment Partners  Ltd., and local warehouse provider, PT Mega Manunggal Property Tbk (IDX: MMLP), formed...

Indonesian House Urges the Gov’t Complete Omnibus Law Draft in January

JAKARTA (TheInsiderStories) - Indonesian parliamentary body urgers the government should complete the omnibus law draft within the next 1-2 months to get them into...

Investment in Indonesia’s Energy Sector Reaches US$63.6B by 2024

JAKARTA (TheInsiderStories) - Indonesian coordinating minister for maritime and investment affairs Luhut Binsar Pandjaitan said he is upbeat the investment target in the energy...

British’s Dunlop Build Aircraft Tire Plant in Indonesia

JAKARTA (TheInsiderStories) - British' airplane tire maker, Dunlop Aircraft Tires, plans to build a factory in Karawang, West Java with total investment of Rp1...

Indonesian President Expands Pandjaitan’s Authority

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo expands the jurisdiction and level of authority of Luhut Binsar Pandjaitan, a former military general and his...

Indrawati Sees Indonesia’s Economic Growth 5.05% in 3Q of 2019

JAKARTA (TheInsiderStories) - Tomorrow, Statistic Indonesia will release the economic growth of the third quarter (3Q) of 2019. Finance minister Sri Mulyani Indrawati projected the...

US’s Secretary States will Visit Indonesia, Vietnam

JAKARTA (TheInsiderStories) - United States (US) secretary of commerce, Wilbur Ross, will visit Indonesia and Vietnam next week after attends the Indo-Pacific Business Forum in Bangkok, Thailand,...

Indonesia, Singapore Agrees to Completes Bilateral Trade Soon

JAKARTA (TheInsiderStories) - Indonesia and Singapore agreed to speeding up the finalization of bilateral trade, said the two ministers on Thursday (10/31). As known the two countries...

Indonesia Posted Realization Investment US$28B in 9M 2019

JAKARTA (TheInsiderStories) — The Indonesian Investment Coordinating Board reported that the realization investment worth of Rp601.3 trillion (US$28.26 billion) in the nine month of (9M) of 2019,...

Morning Briefing: Indonesia Release Investment Realization Today

JAKARTA (TheInsiderStories) - Good Morning! This noon Indonesian Investment Coordinating Board release the realization investment on third quarter of 2019. Last quarter, the agency reported...